Prices to rule at Rs.75-80 per kg during Feb-May

As the prices of red chillies are expected to rule between Rs.75 to Rs.80 per kg in February-May 2015, farmers have been recommended to take up their sowing decisions accordingly.
In order to help farmers, Agro Marketing Intelligence and Business Promotion Centre in Tamil Nadu Agricultural University analysed the red chilli prices that prevailed in Virudhunagar Regulated market for the last 18 years, which revealed that prices would be around Rs.7,500 to Rs.8,000 per quintal during harvest.
Currently, the samba chilli is trading around Rs 6,500 to Rs. 8,000 per quintal in Virudhunagar market in Tamil Nadu and farmers are eager to know the price that will prevail during the harvest period (Feb-May, 2015).

Crop status in all the major producing States especially Andhra Pradesh, amount of carry forward stock, domestic and export demand decided the price of chillies in India.
Tamil Nadu produced 24,640 tonnes of chillies from 56,442 hectares during 2011-12, the analysis said.
Ruling varieties of chillies in Tamil Nadu are Ramanathapuram (mundu), Virudhunagar (samba), Thoothukudi (mundu), Sivagangai (samba) and Tirunelveli (samba, mundu). and sown between the middle of October and end November,while chilli arrivals arrive at the market all over India from November to May, generally, the analysis said.

Chillies produced in Tamil Nadu will hit markets in Virudhunagar, Kovilpatti, Sathur, Sankarankoil, Rajapalayam, Kamuthi and Mudhukulathur markets from Feb-May.

India is the largest producer, consumer and exporter of spices globally and this wonder spice is cultivated in 7.93 lakh hectares with an annual production of 13 lakh tonnes.
India leads global production with 36 per cent, with Andhra Pradesh topping the list in dry chilly production followed by Karnataka, Orissa, Maharashtra and Tamil Nadu, it said.